Senators Take Aim At SSI Asset Limits

This has only been an issue for 2 decades.....

http://goo.gl/JNf2zh

Under a new bill proposed in the U.S. Senate, the amount of money that Supplemental Security Income recipients could save without losing access to their benefits would rise for the first time in over two decades.

Currently, individuals who receive SSI can have no more than $2,000 in cash or liquid assets at any given time without forfeiting their eligibility for benefits.

The legislation, introduced late last week, calls for that asset limit to increase to $10,000.

The bill would also eliminate restrictions that currently disallow friends and family from providing financial, food and housing support to those receiving SSI and the measure would boost the amount of income beneficiaries could earn without losing out on benefits.